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Risk Management Tools In Precision Agriculture

Author

Listed:
  • Powers, Laura
  • Dillon, Carl R.
  • Isaacs, Steven G.
  • Shearer, Scott A.

Abstract

The objective of this project is to develop economic, risk management decision aids for precision agriculture practitioners to identify temporal risk spatially from production. Break-even analysis, coefficient of variation and a mean variance framework are used to identify risk. An interpretation of the resulting risk maps will also be presented.

Suggested Citation

  • Powers, Laura & Dillon, Carl R. & Isaacs, Steven G. & Shearer, Scott A., 2003. "Risk Management Tools In Precision Agriculture," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35129, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeatm:35129
    DOI: 10.22004/ag.econ.35129
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    References listed on IDEAS

    as
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    3. Dillon, Carl R., 1993. "Advanced breakeven analysis of agricultural enterprise budgets," Agricultural Economics, Blackwell, vol. 9(2), pages 127-143, August.
    4. Lowenberg-DeBoer, J., 1999. "Risk Management Potential of Precision Farming Technologies," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 31(2), pages 275-285, August.
    5. Meyer, Jack, 1987. "Two-moment Decision Models and Expected Utility Maximization," American Economic Review, American Economic Association, vol. 77(3), pages 421-430, June.
    6. Jess Lowenberg-DeBoer, 1996. "Precision Farming and the New Information Technology: Implications for Farm Management, Policy, and Research: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(5), pages 1281-1284.
    7. Swinton, Scott M. & Harsh, Stephen B. & Ahmad, Mubariq, 1996. "Whether And How To Invest In Site-Specific Crop Management: Results Of Focus Group Interviews In Michigan, 1996," Staff Paper Series 11689, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    8. Lowenberg-DeBoer, James, 1999. "Risk Management Potential Of Precision Farming Technologies," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(2), pages 1-11, August.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Risk and Uncertainty;

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